What is Nasdaq, Inc.'s index — revenues less transaction-based expenses?

Nasdaq, Inc. (NDAQ) reported index — revenues less transaction-based expenses of $145.00M in Q4 2023.

How has Nasdaq, Inc.'s index — revenues less transaction-based expenses changed year-over-year?

Nasdaq, Inc.'s index — revenues less transaction-based expenses increased by 26.1% year-over-year, from $115.00M to $145.00M.

What is the long-term trend for Nasdaq, Inc.'s index — revenues less transaction-based expenses?

Over 2 years (2021 to 2023), Nasdaq, Inc.'s index — revenues less transaction-based expenses has grown at a 7.3% compound annual growth rate (CAGR), from $459.00M to $528.00M.

Discontinued — last reported Q4 '23

Products & Services · Revenues less transaction-based expenses

Index — Revenues less transaction-based expenses

Nasdaq, Inc. Index — Revenues less transaction-based expenses increased by 0.7% to $145.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 26.1%, from $115.00M to $145.00M. Over 2 years (FY 2021 to FY 2023), Index — Revenues less transaction-based expenses shows an upward trend with a 7.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ1 2018

Last reportedQ4 2023

Rolls up toGross Profit

How to read this metric

An increase indicates growing demand for the company's proprietary index products and successful expansion of licensing agreements with asset managers. A decrease may signal increased competition in the index provider market or a decline in assets under management linked to the company's indexes.

Detailed definition

This metric represents the net revenue generated by the index business segment after deducting direct transaction-based...

Peer comparison

Comparable to index licensing revenue or net data service fees reported by other financial market infrastructure firms and index providers like MSCI or S&P Global.

Metric ID: ndaq_segment_index_revenues_less_transaction_based_expenses

Historical Data

11 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$107.00M	$119.00M	$131.00M	$122.00M	$124.00M	$125.00M	$115.00M	$110.00M	$129.00M	$144.00M	$145.00M
QoQ Change	—	+11.2%	+10.1%	-6.9%	+1.6%	+0.8%	-8.0%	-4.3%	+17.3%	+11.6%	+0.7%
YoY Change	—	—	—	—	+15.9%	+5.0%	-12.2%	-9.8%	+4.0%	+15.2%	+26.1%

Range$107.00M – $145.00M

CAGR+12.9%

Avg YoY Growth+6.3%

Median YoY Growth+5.0%

Current Streak3 quarters growth

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Frequently Asked Questions

What is Nasdaq, Inc.'s index — revenues less transaction-based expenses?: Nasdaq, Inc. (NDAQ) reported index — revenues less transaction-based expenses of $145.00M in Q4 2023.
How has Nasdaq, Inc.'s index — revenues less transaction-based expenses changed year-over-year?: Nasdaq, Inc.'s index — revenues less transaction-based expenses increased by 26.1% year-over-year, from $115.00M to $145.00M.
What is the long-term trend for Nasdaq, Inc.'s index — revenues less transaction-based expenses?: Over 2 years (2021 to 2023), Nasdaq, Inc.'s index — revenues less transaction-based expenses has grown at a 7.3% compound annual growth rate (CAGR), from $459.00M to $528.00M.
What does index — revenues less transaction-based expenses mean?: The net revenue earned from licensing financial indexes and related data products after subtracting direct transaction costs.